Daewoo Shipbuilding Archives | Be Korea-savvy
Daewoo Shipbuilding Wins Approval in Principle for LCO2 Carrier

Daewoo Shipbuilding Wins Approval in Principle for LCO2 Carrier

SEOUL, April 8 (Korea Bizwire) — Daewoo Shipbuilding & Marine Engineering Co. said Thursday that it has obtained approval in principle (AIP) for its 70,000 cubic-meter liquefied CO2 (LCO2) carrier from ABS, a U.S. ship quality assurance and risk management company. AIP for the carrier means a certification agency has reviewed its basic design and [...]

Daewoo Shipbuilding, Babcock Sign MOU for Warship Partnership

Daewoo Shipbuilding, Babcock Sign MOU for Warship Partnership

SEOUL, March 15 (Korea Bizwire) — Daewoo Shipbuilding & Marine Engineering Co., the world’s fourth-biggest shipbuilder by orders, said Tuesday it has signed an initial pact with a British shipbuilder for warship technology development. Daewoo Shipbuilding has signed a memorandum of understanding with Babcock International for a “strategic partnership” in developing technologies in aircraft carriers, [...]

Regulator to End Review of Hyundai Heavy’s Proposed Takeover of Shipbuilder

Regulator to End Review of Hyundai Heavy’s Proposed Takeover of Shipbuilder

SEOUL, Jan. 15 (Korea Bizwire) — South Korea’s antitrust regulator said Friday it will end its deliberation of Hyundai Heavy Industries Group’s proposed acquisition of its smaller rival Daewoo Shipbuilding & Marine Engineering Co., as the company withdrew its tie-up review proposal following the veto by European authorities. The European Commission vetoed Hyundai’s proposed merger [...]

EU Vetoes S. Korean Shipbuilding Merger Between Hyundai and Daewoo

EU Vetoes S. Korean Shipbuilding Merger Between Hyundai and Daewoo

SEOUL, Jan. 13 (Korea Bizwire) — The European Union antitrust regulator on Thursday vetoed Hyundai Heavy Industries Group’s proposed acquisition of its smaller rival Daewoo Shipbuilding & Marine Engineering Co., citing monopoly issues. The European Commission announced its decision to block the merger of the South Korean shipbuilders, arguing the tie-up could create a monopoly [...]

Daewoo Shipbuilding Develops Technology to Prevent Cracks in Welded Parts of Submarines

Daewoo Shipbuilding Develops Technology to Prevent Cracks in Welded Parts of Submarines

SEOUL, Dec. 13 (Korea Bizwire) — Daewoo Shipbuilding & Marine Engineering Co. (DSME) said Monday that it has secured a technology to prevent cracks in the welded parts of submarines. DSME has developed the technology after two years of research and development since 2019 in cooperation with steelmaker POSCO and KR, a South Korean ship [...]

Daewoo Shipbuilding to Develop ESG Indexes for Korean Shipbuilders

Daewoo Shipbuilding to Develop ESG Indexes for Korean Shipbuilders

SEOUL, Dec. 6 (Korea Bizwire) — Daewoo Shipbuilding & Marine Engineering Co. (DSME) said Monday that it plans to develop indexes to assess the performance of Korean shipbuilders’ ESG management activities. ESG is short for environmental, social and governance criteria using factors to evaluate companies on how far advanced they are in the sectors of [...]

Daewoo Shipbuilding Develops Virtual Experience Platform for Ship Construction

Daewoo Shipbuilding Develops Virtual Experience Platform for Ship Construction

SEOUL, Nov. 4 (Korea Bizwire) — Daewoo Shipbuilding & Marine Engineering Co. said Thursday that it has developed a virtual experience platform for ship construction for the first time in the local shipbuilding industry. The platform is mixed reality combining technologies of virtual reality and augmented reality, which allows for the experience of all processes [...]

EU’s Probe Suspension Leaves S. Korean Shipbuilders’ Biz Combination in Limbo

EU’s Probe Suspension Leaves S. Korean Shipbuilders’ Biz Combination in Limbo

SEOUL, Oct. 8 (Korea Bizwire) — The proposed acquisition involving South Korea’s leading shipbuilders has been deadlocked for more than a year, as the European Union antitrust regulator shows no signs of resuming its probe into the deal. In 2019, Hyundai Heavy Industries Holdings Co., the holding company of the global shipbuilding conglomerate Hyundai Heavy [...]